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At December 31, 2018, Briton Corporation's adjusted trial balance shows the following balances: EB (Click the icon to view the balances.) (Click the icon to
At December 31, 2018, Briton Corporation's adjusted trial balance shows the following balances: EB (Click the icon to view the balances.) (Click the icon to view more information.) Requirement 1. Prepare the current liability section of Briton Corporation's balance sheet at December 31, 2018. (If applicable, combine the Notes Payable on one line of the statement.) Briton Corporation Balance Sheet (partial) December 31, 2018 Data Table Account Amount Accrued Warranty Payable 8% Notes Payable, due April 30, 2019 Unearned Service Revenue Accounts Payable Accounts Payable Accounts Receivable Accrued Warranty Payable Accumulated Depreciation Bonds Payable (Current portion) Current liabilities: Employee Income Tax Payable FICA Tax Payable Interest Payable Notes Payable (Long-term) Notes Payable (Short-term) Salaries Payable Sales Tax Payable Total current liabilities Treasury Stock Unearned Service Revenue S63,000 130,000 52,000 205,000 25,000 282,000 26,500 470,000 77,000 172,000 102,000 230,000 62,000 6,000 Employee Income Tax Payable Accounts Receivable Interest Payable 12% Bonds Payable, due December 31, 2023 Accumulated Depreciation Treasury Stock Salaries Payable 15% Notes Payable, due December 31, 2019 Sales Tax Payable FICA Tax Payable More Info Briton Corporation provides multi-year warranties with its products. Half of the Accrued Warranty Liability relates to warranty liabilities that will be paid in 2019 while the other half relates to warranty liabilities to be paid in 2020. The Unearned Service Revenue pertains to a service contract that will be performed during 2019 $114.000 of the 12% bonds payable due December 31, 2023, is due on December 31, 2019 Choose from any list or enter any number in the input fields and PrintDone
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